The dogs bought by the dog white left create panic without spending money to smash the market. Things like so-called quantum technologies won't mature for at least 1000 years. Moreover, if there is quantum decryption, there is quantum encryption; where there is a spear, there is a shield. The dog white left accomplishes little but causes much trouble, belonging to the category of worrying unnecessarily.

According to PANews, Quip Network co-founder Colton Dillion stated that quantum computing technology could pose a threat to blockchain security. Companies like Google and Microsoft are accelerating research and development, and their computing power may be able to break cryptographic algorithms.

Dillion described a quantum computing-supported double spend attack, where an attacker only needs about 26% of the traditional 51% attack power to control the top 10,000 largest wallets and roll back the transaction chain. Bitcoin developers have proposed quantum-resistant solutions like QRAMP, but community governance is slow.

Traditional governance processes such as Bitcoin BIP and Ethereum EIP take years to reach consensus. Dillion pointed out that the speed of quantum threats evolves faster than the protocol's response capability. Quip Network has launched quantum-resistant vaults, but the industry needs fundamental solutions.